Firms’ credit requirements and monetary policy rules

Niraj P. Koirala, Ahmed H. Kamara and Anurud Rankoth

Economics Letters, 2019, vol. 175, issue C, 113-117

Abstract: We study the effects of inflation targeting, the Taylor rule, and unemployment targeting when firms face credit constraints. For all levels of credit requirements, the unemployment targeting rule is most effective in stabilizing major variables compared to the other rules.

Keywords: Credit requirement; Borrowing constraints; Monetary policy rules (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:175:y:2019:i:c:p:113-117

DOI: 10.1016/j.econlet.2018.12.010

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